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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Unexplained cash deposits - addition u/s 68 - Merely because the ...


Section 68: Unexplained Cash Deposits Not Enough for Adverse Inference on Creditor's Creditworthiness Without Notice Response.

March 19, 2018

Case Laws     Income Tax     AT

Unexplained cash deposits - addition u/s 68 - Merely because the creditor did not respond to the notice, no adverse inference can be taken with regard to the creditworthiness of the creditor - AT

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